NZDUSD – Trading around historical highs

Many traders are afraid to go long when the market reaches new highs/lows, but I don’t see a reason to be afraid. The only thing that worries me a bit is that we don’t know where the market might retrace, but that’s the reason I use in these types of trades a risk-reward ratio of 3:1.

This is the case of the NZDUSD, it is currently trading around historical highs, in a clear bullish market condition:

As long as the NZDUSD keeps trading above 0.8025 I’ll be looking for long opportunities.

Trade Safe!

Raul Lopez
Forex Training



Raul Lopez

I've been trading the markets for more than 12 years. All my trades are based on price action. Check out my Coaching program, I can help you develop a system that helps you trade with better results.
  • Anonymous

    I will be looking to sell around  .7950 area…..looks very over bought to me….buy around  .7340 area..

    • Raul Lopez

      The NZDUSD came back to the range, which is now from 0.8291 – 0.8076, I’ll wait for the market to break this range before loooking for any trade opportunity…